NOV is up 6% today but there doesn't seem to be any specific news other than the slight increase in the dividend plus an overall good market day. Anyone see anything else going on with NOV? Maybe another special dividend coming??
A 6% gain in one day with a $58 stock doesn't "just" happen for no reason.... Especially a relatively unknown like NOV. Additionally, today's 6% doesn't even factor in yesterday's $1.75/share gain or the prior day's small gain when the entire market tanked big time.
I have to think that something's up that the pro's got wind of and the rest of us will find out about when NOV releases a PR... and a small dividend increase ain't it!
My guess is it either has to do with the Petrobas bids or a major new contract signed with someone else.